807 Lake St #3, Saugatuck, MI, 49453 | 3.7% Rental Yield

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NMLS #2625701

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728 Lake St, Saugatuck, MI, 49453

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Total monthly income runs $2,710/mo, and a $4,307/mo payment. Purchase price stands at $880,000, and rental yield measures 3.7% with $2,710/mo rent. Return on cash invested shows 4.76% in year one, and 5% annual appreciation builds toward $243,128 over five years. Five-year ROI reaches 23.01% and total cumulative return in cash records $66,620. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,710/mo property income covering a $4,307/mo payment rather than investor’s personal income.

Condo

Built in 2007

0.97 Acres lot

$N/A/sqft

$4,650 annually HOA